FEDERAL GOVERNMENT TO WITHDRAWS LICENSE OF FIRMS WITH DORMANT OIL FIELDS
Senator Heineken Lokpobiri, Minister of State for Petroleum Resources, Oil has declared an end to the era where oil companies acquire field licenses and leave them dormant. The minister issued the warning at the ongoing 2025 Nigeria Oil and Gas Energy Week in Abuja, as part of a renewed push to meet its OPEC production quota and 2025 budgetary targets. The government warned that it will no longer tolerate operators […]